Background*

Mr. Norman Keith Skeoch has been the Chief Executive Officer at Standard Life Investments Limited and Standard Life Investments Property Income Trust Ltd. since 2004. Mr. Skeoch serves as the Chief Executive Officer of Global Investment Group at Standard Life European Private Equity Trust plc. Mr. Skeoch has the overall responsibility for all company business and investment operations at Standard Life. He joined Standard Life Investments Limited in 1999 as the Chief ... Investment Officer. Mr. Skeoch serves as the Chief Executive Officer of Standard Life Investments (Corporate Funds) Limited. He has many years of investment experience. Mr. Skeoch joined Standard Life Investments from James Capel (now HSBC Securities), where he served from 1980 to 1999 and served as Managing Director of International Equities since 1998, Director of Economics and Strategy since 1993, Chief Economist since 1984, and International Economist since 1980. Mr. Skeoch started his career in 1979 at the Government Economic Service. He served as an Academic Advisor to the C.B.I. and several parliamentary committees. He serves as the Chairman of Standard Life Investments (USA) Limited. Mr. Skeoch has been an Executive Director of Standard Life plc since May 2006. He has been an Executive Director of Standard Life Investments Limited since 1999. He has been a Director of Standard Life Finance Plc since March 2006, HDFC Standard Life Insurance Co., Ltd. since November 2005 and Standard Life Financial, Inc. and The Standard Life Assurance Company of Canada since July 2010. Mr. Skeoch serves as an Executive Director of Standard Life Assurance Limited and Standard Life Investments Property Income Trust Ltd. He also serves as a Director of HDFC Asset Management Company Ltd., SLTM Ltd., Standard Life Investments (Private Equity) Limited, and Standard Life Investments (Mutual Funds) Limited. Mr. Skeoch serves as a Director of Standard Life Investments (Corporate Funds) Limited. He serves as a Director of Ignis Asset Management. Mr. Skeoch serves as a Non-Executive Director of Standard Life Bank Ltd. and Standard Life Healthcare Limited. He serves as a Director of the Financial Reporting Council and the Investment Management Association. Mr. Skeoch serves as a Member of the Advisory Board of Reform Scotland. He served as a Director of Association of British Insurers and Housing Development Finance Corporation Limited. Mr. Skeoch served as a Trustee of James Capel Pension funds. In 2012, he was made a Fellow of the Society of Business Economists, given for service to the Economics profession. Mr. Skeoch was a Member of HM Treasury Wholesale Markets Forum in 2009. He was a Member of The Chancellor’s Working Group on Rights Issues. He worked with government and trade bodies in establishing best practices in stewardship and governance. Mr. Skeoch was awarded an Honorary Doctorate of Business Administration by Teesside University in 2011. Mr. Skeoch earned an M.A. in Economics from the University of Warwick in 1979 and a B.A. (Honors) in Economics from the University in Sussex in 1978.

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